2002

2002

On Jan.10, 2002 the United States took Tliban and al Qaeda prisoners to the Guantanamo bay prison camp. This continued as the war went on as of Nov. 2005 a toal of 505 detainees were being held in Guantanamo. 100 Saude Arabans, 80 Yemen, 65 Pakistan, and 50 from Afganistan. An estimated 70,000 Taliban and al Qaeda fighters were captured and screened only 800 were deemed for high value intelligence purposes. EIther that or they were considered a severe threat in their own person and needed to be interrogated and confined. Previously in 2001 a campaign began to shut down Guantanamo, it was lead by Michael Ratner, President of the Center for Constitutional Rights. Moving back closer to the happenings in the U.S. We find even more changes. Trade Deficit and Market Crash. In 2002 the U.S. trade deficit was recorded as the largest in history. The U.S. economy demand for foreign goods was high while the American exporters found pour overseas markets. The Deficit reached $435.2 billion and the deficit with China reached a record $103 billion. To top off our deficit the United States enters a market crash and President Bush announces a budget deficit. 2002 saw a sharp drop in stock market prices and exchanges across the U.S. and Europe. The steady decline began in march. In August it began to fall for 11 days straight then rose 15%. Budget Deficit. To add to the United States trade deficit and stock market issues the Bush Administration announced $159 billion budget trade deficit.Though devistating the announcement was not a complete shock " The announcement of the budget deficit for the fiscal year 2002 wasn't a surprise; the administration had earlier projected a slightly larger deficit for the years surplus was consumed by recession, war spending, and tax cuts."(Milbank). As our economic state becomes more and more troubled we move into the year 2003.